Core Viewpoint - Intel is increasing its investment in AI accelerators, targeting the vast data center market, while facing significant challenges from competitors like NVIDIA and AMD [1] Group 1: Market Position - Intel remains the leader in the CPU market despite ongoing challenges from AMD and Arm, leveraging its proprietary 18A process to enhance CPU sales this year [1] - The company has developed several generations of AI chip products over the years, but its market presence is currently overshadowed by NVIDIA and AMD [1] Group 2: AI Chip Strategy - To regain its standing in the AI chip market, Intel must decide whether to utilize its own manufacturing processes or rely on external foundries like TSMC, as NVIDIA and AMD primarily use TSMC for their chips [1] - Intel needs to evaluate whether its AI chip products can compete effectively with those of its rivals if produced using its own processes [1] Group 3: Ecosystem Development - NVIDIA has established a robust AI chip ecosystem that extends to surrounding components, indicating that Intel must actively engage supply chain partners to build a more comprehensive ecosystem for its AI chips [1]

Back to Market on Close. I'm Marley Caden alongside Sam Bodis in New York. We are seeing shares of ARM Holdings extending its post earning gains with the stock up about 17% on the week.The company topped estimates on the top and bottom line saw royalty revenue jump 27% and license and other revenue increased 25% yearover-year. I want to bring Sam back into the conversation and welcome our guest. Joining us today, the EVP and CFO of ARM Holding, Jason Child.Jason, thank you for taking the time on an exciting ...

Core Viewpoint - ARM's data center business is expected to grow significantly in the next 2 to 3 years, potentially matching or exceeding the smartphone business, which currently accounts for 40% to 45% of total revenue [1][8]. Group 1: Financial Performance and Guidance - Data center revenue growth is currently outpacing other business segments, with its share expected to rise from over 15% towards 20% [1][8]. - The company has raised its fiscal year 2026 revenue guidance from an initial "at least 20%" to a midpoint of 22%, exceeding previous expectations [1][12]. - For fiscal year 2027, while no formal guidance is provided, maintaining a 20% growth rate is deemed reasonable [1][12]. Group 2: Research and Development - R&D spending is increasing at a rate higher than revenue growth, with expectations of a slowdown in R&D expenditure growth after Q1 of the following year [1][14]. - The company anticipates that the growth rate of R&D spending will stabilize, moving towards a more moderate pace [1][14]. Group 3: Market Dynamics and AI Integration - ARM views the recent volatility in the software sector as typical during major technological shifts, emphasizing that AI will not replace chips but rather coexist with them [2][15]. - The deep integration of AI within enterprises is still in its early stages, with ARM itself not fully transformed yet [2][15]. - The demand for computing power remains substantial, and ARM is focused on long-term opportunities in this evolving landscape [2][15]. Group 4: CPU Role in Data Centers - The shift in data centers is moving from training to inference workloads, with CPUs becoming increasingly important due to their efficiency and low latency [3][10]. - The trend of increasing CPU core counts is expected to continue as AI workloads evolve, benefiting ARM's positioning in the market [3][10]. Group 5: Royalty Revenue and Market Impact - Despite anticipated declines in smartphone shipments, ARM expects minimal impact on royalty revenue due to a focus on high-end markets and the transition to newer architectures [4][5]. - The company estimates that even with a 20% drop in smartphone sales, the impact on royalty revenue would only be around 2% to 4% [5][9]. - ARM's royalty income is projected to remain robust, supported by growth in cloud AI and infrastructure business, which offsets potential risks from the mobile sector [4][5]. Group 6: Future Outlook and Strategic Initiatives - The CSS (Compute Subsystems) business is showing significant growth, with expectations that its contribution to royalty revenue will rise from around 15% to over 50% in the next 2 to 3 years [10][11]. - ARM is actively involved in developing new products and services, with future updates on fiscal year 2028 expected as plans are finalized [12][12].

4001只私募产品1月净值创新高 私募排排网数据显示，1441家私募旗下共计4001只私募产品的净值在今年1月创下历史新高。经统计， 至少有3只产品有近3年业绩展示（成立满3年）且符合排名规则的私募有139家，其中百亿私募仅14家， 股票策略私募占8家，收益均值排名前五的私募依次为天演资本、复胜资产、诚奇私募、幻方量化、明 汯投资。（私募排排网） 专家称普通投资者不适合配置白银 建议普通投资者避开白银优先配置黄金 集邦咨询：2月份电视面板价格预计将延续上涨态势 TrendForce集邦咨询公布了2月面板价格趋势预测：电视面板价格预计将延续上涨态势，显示器面板部 分尺寸价格上涨，笔电面板价格预期下跌。报告称，2月份，电视面板需求仍维持在相对较稳定水平， 加上面板厂明确表示将在农历春节期间进行5-7天不等的产能调控，2月份平均稼动率预期将较1月份调 整约10%，可望支撑供需维持在较为平衡的状态，也有助于电视面板价格的上扬。目前预估2月份电视 面板价格有机会呈现全面上涨趋势，32英寸、43英寸与50英寸预估上涨1美元，55英寸、65英寸与75英 寸则预计上涨2美元。（同花顺） 广电总局：2025年微短剧市场规模破千 ...

BEIJING, Feb 6 (Reuters) - Intel (INTC) and AMD (AMD) have notified Chinese customers of supply shortages for server central processing units (CPUs), with Intel warning of delivery lead times of up to six months, people with knowledge of the delays said. The supply ​constraints have driven up prices for Intel's server products in China by more than 10% generally, although pricing varies by ‌customer contract, according to one of the people. Booming investment in artificial intelligence infrastructure has ...

When Intel (INTC) says it plans to get back into building graphics processing units, or GPUs, it’s little wonder that investors perk up at the news. At a Cisco (CSCO) AI Summit this week, Intel CEO Lip-Bu Tan confirmed that Intel is putting together a new GPU initiative, led by its newly hired chief GPU architect Eric Demers, as well as its long-time executive in its data center group, Kevork Kechichian. The message was clear: Intel is trying to get back into the world of accelerated computing, a space dom ...

作者 | 第一财经 郑栩彤 电脑零部件涨价还在推高消费者购买成本。 一周前，记者走访深圳华强北了解到，1TB固态硬盘售价600元至900多元，近日再前往华强北询价，发现1TB固态硬盘售价涨到了950元~1100元。再拉长 时间线，多名商家反馈，近3个月内，内存价格涨了约3倍，固态硬盘价格也翻了倍。 一名商家列出办公电脑装机配置表，原本预计价格不超过2000元，经计算后惊呼，比原本估计的多了1000元。走访时，多名商家感叹，现在按照3000元的 预算装配电脑，即便不包括显示屏也很难装配。 不过，虽然近期有传言称厂商产能紧张、CPU涨价，但记者走访了解到，消费级CPU价格一两个月前已经涨过价，近日价格较稳定。 电脑装机涨价持续 以往看一台电脑的性能，人们常常会关注CPU和独立显卡，但现在存储类的内存条和固态硬盘，成为了电脑中的成本重头。一台不加配高端独立显卡和显 示屏的普通办公电脑，内存和固态硬盘的成本占比是多少？记者询价发现，这一比例在35%~50%之间。 按照3000元的预算，在华强北需要压缩CPU配置，为内存和固态硬盘让出空间。CPU可以用英特尔i3、i5或AMD同等规格的产品，如果用i5，最高只能配 20 ...

2026.02. 05 本文字数：2868，阅读时长大约4分钟 作者 | 第一财经 郑栩彤 电脑零部件涨价还在推高消费者购买成本。 一周前，记者走访深圳华强北了解到，1TB固态硬盘售价600元至900多元，近日再前往华强北询价，发现1TB固态硬盘售价涨到了950元~1100元。 再拉长时间线，多名商家反馈，近3个月内，内存价格涨了约3倍，固态硬盘价格也翻了倍。 一名商家列出办公电脑装机配置表，原本预计价格不超过2000元，经计算后惊呼，比原本估计的多了1000元。走访时，多名商家感叹，现在按照3000 元的预算装配电脑，即便不包括显示屏也很难装配。 不过，虽然近期有传言称厂商产能紧张、CPU涨价，但记者走访了解到，消费级CPU价格一两个月前已经涨过价，近日价格较稳定。 电脑装机涨价持续 以往看一台电脑的性能，人们常常会关注CPU和独立显卡，但现在存储类的内存条和固态硬盘，成为了电脑中的成本重头。一台不加配高端独立显卡和 显示屏的普通办公电脑，内存和固态硬盘的成本占比是多少？记者询价发现，这一比例在35%~50%之间。 按照3000元的预算，在华强北需要压缩CPU配置，为内存和固态硬盘让出空间。CPU可以用英特 ...

一名商家称，这波迅猛涨价之前，他一天可以装8~10台电脑，现在差不多3天装1台电脑。 电脑装机涨价持续 以往看一台电脑的性能，人们常常会关注CPU和独立显卡，但现在存储类的内存条和固态硬盘，成为了电脑中的成本重头。一台不加配高端独立显卡和显示 屏的普通办公电脑，内存和固态硬盘的成本占比是多少？记者询价发现，这一比例在35%~50%之间。 按照3000元的预算，在华强北需要压缩CPU配置，为内存和固态硬盘让出空间。CPU可以用英特尔i3、i5或AMD同等规格的产品，如果用i5，最高只能配 2020年面世的第10代i5。这样一来，CPU的成本可以压缩在580元~900元之间。此外，主板成本要控制在350元~560元之间，机箱、电源、散热风扇总成本控 制在200元~380元之间。 即便如此，存储产品的规格也要严格限制。记者询价得知，一条16G DDR4内存条价格700元~900元，16G DDR5内存条价格1500元左右。商家主要推荐16G DDR4内存条或8G内存条。固态硬盘也不能用到价格1000元左右的1TB产品，商家主要推荐300元左右的256G固态硬盘或600元~800元的512G固态硬盘。 "3000元左 ...

近日，雷神科技的一组数据引发市场关注：截至2025年9月，公司存货规模达7.34亿元，较上年末大幅 增长88.27%。公司解释，存货增加主要基于对市场及原材料价格变动趋势的预判，重点加大了CPU、 内存等核心元器件的储备。 在财务管理中，有一个形象的比喻："存货就是打了捆的钞票扔在库房里。"此次雷神科技的存货变动之 所以引爆市场，核心就在于存货与生俱来的"二元性"：市场的第一反应，往往是将其与"资金占用"的标 签绑定，而实际上，在强周期市场环境下，存货是最被低估的战略资产，换言之，这笔高企的前瞻备 货，将成为雷神科技穿越周期、释放业绩弹性的"底气"。 | 合并资产负债表 | 报告期末 | 变动幅度 | 变动说明 | | --- | --- | --- | --- | | 项目 | (2025年9月30日) | | | | 货币资金 | 289,825,423.50 | -37.99% | 主要原因是公司根据资金情况,支付供应商 货款增加、偿还银行贷款,以及购置了自用 | | | | | 办公场所,使得报告期末货币资金较少。 | | 应收款项融资 | 48,472,074.92 | -31.94% | 主要原因 ...